SEOUL (Reuters) -South Korea will prepare a trade package that is mutually agreeable with the United States ahead of minister-level meetings planned next week and a U.S. tariff-pause deadline of August 1, the presidential office said on Saturday.

South Korea will prepare a trade package that is mutually agreeable with the United States ahead of minister-level meetings planned next week and a U.S. tariff-pause deadline of Aug. 1, the presidential office said on Saturday.

South Koreas Industry Minister Kim Jung-kwan met with U.S. Commerce Secretary Howard Lutnick in Washington on Thursday, reaffirming a joint commitment to finalize a trade agreement on tariffs before the August 1 deadline,

U.S. automakers worry that President Donald Trump’s agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors,

BIG NEWS!  The U.S. and Japan have reached a trade agreement that will reduce tariffs on Japanese vehicles and auto parts to 15 percent-down from the 25 percent rate that was set to take